Aena SME (MEX:AENA N) Cyclically Adjusted Book per Share: MXN95.50 (As of Jun. 2026)

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MEX:AENA N Aena SME SA MEX:AENA N
95 GF Score
Price MXN498.26
GF Value MXN468.27
! 6 Warning Signs
View Full Analysis

What is Aena SME Cyclically Adjusted Book per Share?

Aena SME MEX:AENA N 95 Cyclically Adjusted Book per Share is MXN95.50 as of Jun. 2026. GuruFocus rates MEX:AENA N with a GF Score™ of 95/100 and a GF Value™ of MXN468.27. The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Aena SME's adjusted book value per share for the three months ended in Jun. 2026 was MXN115.953. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN95.50 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Aena SME's average Cyclically Adjusted Book Growth Rate was 8.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Aena SME was 8.40% per year. The lowest was 8.40% per year. And the median was 8.40% per year.

As of today (2026-08-31), Aena SME's current stock price is MXN498.26. Aena SME's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN95.50. Aena SME's Cyclically Adjusted PB Ratio of today is 5.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Aena SME was 5.67. The lowest was 3.28. And the median was 4.53.


Aena SME  (MEX:AENA N) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Aena SME's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=498.26/95.50
=5.22

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Aena SME was 5.67. The lowest was 3.28. And the median was 4.53.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Aena SME Cyclically Adjusted Book per Share Related Terms


Aena SME Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Aena SME's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Aena SME Cyclically Adjusted Book per Share Chart

Aena SME Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 87.18 68.42 73.68 103.14

Aena SME Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 104.86 102.98 103.14 103.89 95.50

MEX:AENA N vs JOBY, CAAP: Cyclically Adjusted Book per Share Comparison

For the Airports & Air Services subindustry, Aena SME's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Aena SME Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Aena SME's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Aena SME's Cyclically Adjusted PB Ratio falls into.


MEX:AENA N
95GF Score
Aena SME SA MEX:AENA N
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aena SME Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Aena SME's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=115.953/131.3300*131.3300
=115.953

Current CPI (Jun. 2026) = 131.3300.

Aena SME Quarterly Data

Book Value per Share CPI Adj_Book
201609 68.321 99.737 89.963
201612 72.397 101.842 93.359
201703 68.368 100.896 88.990
201706 66.505 101.848 85.756
201709 78.032 101.524 100.941
201712 88.048 102.975 112.293
201803 86.644 102.122 111.426
201806 79.956 104.165 100.808
201809 83.576 103.818 105.724
201812 89.871 104.193 113.277
201903 89.833 103.488 114.002
201906 79.750 104.612 100.119
201909 87.639 103.905 110.771
201912 89.491 105.015 111.916
202003 108.972 103.469 138.315
202006 105.312 104.254 132.662
202009 106.063 103.521 134.555
202012 98.135 104.456 123.383
202103 95.215 104.857 119.253
202106 93.016 107.102 114.057
202109 97.175 107.669 118.530
202112 87.287 111.298 102.998
202203 89.253 115.153 101.792
202206 90.741 118.044 100.954
202209 90.335 117.221 101.208
202212 92.491 117.650 103.245
202303 88.269 118.948 97.458
202306 82.362 120.278 89.930
202309 88.868 121.343 96.182
202312 97.678 121.300 105.755
202403 94.827 122.762 101.445
202406 94.782 124.409 100.055
202409 113.878 123.121 121.471
202412 124.689 124.753 131.262
202503 126.854 125.531 132.715
202506 115.376 127.251 119.075
202509 124.596 126.840 129.007
202512 129.406 128.400 132.359
202603 133.373 129.860 134.883
202606 115.953 131.330 115.953

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of MXN95.50 mean?
Aena SME (MEX:AENA N) has a Cyclically Adjusted Book per Share of MXN95.50 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Aena SME and its competitors.
Is Aena SME's Cyclically Adjusted Book per Share too high?
Aena SME's current Cyclically Adjusted Book per Share is MXN95.50. Overall, Aena SME has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does Aena SME's Cyclically Adjusted Book per Share compare to JOBY and CAAP?
Aena SME's Cyclically Adjusted Book per Share of MXN95.50 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Transportation company?
A good Cyclically Adjusted Book per Share depends on the Transportation industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Aena SME and its competitors. Aena SME's current Cyclically Adjusted Book per Share is MXN95.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aena SME stock overvalued right now?
Aena SME (MEX:AENA N) has a current Cyclically Adjusted Book per Share of MXN95.50. The stock's GF Value™ is MXN468.27, compared to a current price of MXN498.26 — trading 6.4% above its estimated fair value. The current Cyclically Adjusted Book per Share is MXN95.50. Aena SME's overall GF Score™ is 95/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Aena SME (MEX:AENA N), the current Cyclically Adjusted Book per Share is MXN95.50 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Aena SME (MEX:AENA N) Overvalued in 2026?

Based on GuruFocus' analysis, Aena SME stock appears to be overvalued. The current stock price of MXN498.26 is trading 6.4% above its estimated GF Value™ of MXN468.27.

Key valuation signals for MEX:AENA N:

  • Cyclically Adjusted Book per Share: MXN95.50
  • GF Value™: MXN468.27 vs. price of MXN498.26 (6.4% above fair value)
  • GF Score™: 95/100 with 6 warning signs

No single metric tells the full story. See the MEX:AENA N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aena SME Business Description

Address Calle Peonias, 12, Madrid, ESP, 28042
Aena's 46 airports in Spain handle 99.9% of the country's air traffic. Its three busiest airports—Madrid-Barajas, Barcelona-El Prat, and Palma de Mallorca—account for roughly half of Spain's passengers. The dual-till framework in Spain leaves its commercial and real estate businesses completely unregulated, allowing the group to monetize its passenger flow and earn economic rents. It is launching a transformational EUR 13 billion DORA III investment cycle (2027-31) to expand capacity across its Spanish network. The group also controls three airports in the UK (Luton, Leeds Bradford, and Newcastle) and 18 airports in Brazil. It has minority holdings in 12 airports in Mexico and two in Jamaica through its 6.4% look-through stake in Grupo Aeroportuario del Pacifico.
95GF Score

Get the complete analysis for MEX:AENA N

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN498.26
Price
MXN468.27
GF Value